Portfolio Manager, Commercial Mortgage Asset Management

Who We Are

At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.

We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

• We are stronger as one: We collaborate across the enterprise, scale what works and act   decisively for our customers and partners.
• We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
• We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
• We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.

Who You’ll Work With

As an Investment Manager within the Asset Management team, the role will report directly to the Head of US Asset Management, and work closely with Portfolio Management, Underwriting and Originations teams within the Commercial Mortgage Loan Business at Corebridge Financial.

About The Role

Investment Manager

Working directly for the US Head of Asset Management, this role will be responsible for managing a portfolio of commercial real estate loans, including monitoring loan performance, managing relationships with borrowers and servicers, and identifying opportunities to maximize returns while mitigating risk.  This role requires strong communication, analytical, and problem solving skills to effectively navigate the complexities of commercial real estate lending for an Insurance company.  

Responsibilities

• Loan Portfolio Management – Monitor financial health and performance of portfolio of loan including debt coverage ratios, loan to value ratios, debt yield rations, vacancy rates and tenant rollover. Additionally, responsible for reviewing annual/quarterly loan reviews, property inspections, and annual appraisals

• Financial Analysis – Analyze financial statements, including operating statements, rent rolls, property budgets, loan waterfall calculations to help identify potential problems and assess loan health.

• Relationship Management- Maintain strong relationships with loan servicers, borrowers, and other stakeholders to ensure loan performance and address issues proactively

• Risk Management – Identify and monitor credit, market and physical risks associated with portfolio.

• Loan Modification and Restructuring – work with borrowers, special situations group and legal counsel to modify or restructure loans as needed to mitigate risk and maximize returns.

• Regulatory Compliance- Ensure compliance with all applicable regulations and loan document requirements in addition to capital requirements specific to insurance companies and Corebridge Financial

Please note this is not an exhaustive list of all responsibilities of the position, and the requirements of the job may change in line with business needs.

Skills and Qualifications

• BA/BS required and an advanced degree a plus.

• Strong computer skills including Excel, word and PowerPoint

• 5-10 years of related commercial real estate experience.

• Strong Communication, analytical and quantitative skills

• Strong analysis skills and experience with real estate financial modelling

• Excellent written and verbal communication skills, including ability to present information both formally and informally in a clear and concise manner

• Knowledge of commercial real estate lending, loan documentation, and regulatory requirements

• Experience with Argus or similar financial modeling software

• Experience working with Construction loans, specifically processing loan draws, measuring interest sufficiency, compliance with covenants, and monitoring construction progress

• Able to work on complicated transactions independently and with a team.

• Strong Independent work ethic with excellent attention to detail

Why Corebridge?

At Corebridge Financial, we prioritize the he